Friday, September 08, 2017 10:15 PM ET
Stamps.com (STMP) sees Significant Insider Selling Continuing
One Stamps.com insider Lloyd I Miller III, Director, today, disposed of 25,000 shares having a market value of approximately $4,725,000, as disclosed in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 145,117 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 170,117 shares and have averaged 42,529 shares per transaction over this time period.
The number of insider buy/sell trades at Stamps.com is greater than the 18 peer company average over the last 90-day period. The Other Specialty Retailers peer group saw 17 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Stamps.com insiders was also higher. Within the peer group there were 102,171 shares purchased and 565,117 shares sold with company insiders disposing of 27,232 shares on average.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in composing and writing this story.
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